海外资讯科技行业：技术进步推动云计算发展，期待中国需求加速释放.docxVIP

TMT Analyst Zhang Yidong zhangyd@ SAC: S0190510110012 SFC: BIS749 Contact An Yifu anyf@ SAC：S0190517090002 Technological progress promotes the development of cloud computing, expecting the release of Chinese demand Overweight（Maintained Overweight （Maintained） Technological advancement is the core driving force for the development of global IaaS.IaaS technology advancement is a “big step forward” and a “small step run”. It is the leapfrogging/gradual advancement of these technologies that has enabled cloud computing to evolve to today: 1) Computing: After virtualization, containers and Serverless technology Appeared, revolutionized the emergence of micro-services, expanding the scope of customers; network: virtual network speed is the key to the application of cloud computing products, network acceleration programs such as SDN and NFV have been iterative development in the small step fast run type; 3) Database/storage: The concurrent demand for large-flow concurrent demand is gradually increasing. The development of “small step and fast running” has continuously broken through technical bottlenecks, such as the annual progress of Ali database in dealing with “double eleven”. The cloud computing market is still growing at a high speed, and technological advancement ensures that cloud computing growth is an inevitable event. 1) The global cloud computing market is currently about US$250-300 billion. Historically, cloud computing (especially IaaS) has started due to the needs of large companies and has evolved due to technological advancement key technologies (mainly computing) A few years later, large companies began to commercialize them, coupled with the gradual improvement of storage, database, network and other aspects of technology, and other factors, and finally ushered in the substantial growth of the cloud computing market after 2014. 2) Because technological advancement will not stop, cloud computing (including IaaS/PaaS/SaaS) will inevitably replac